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re: Did you get a good raise and/or bonus this year?
Posted on 3/8/24 at 1:31 pm to LSUSUPERSTAR
Posted on 3/8/24 at 1:31 pm to LSUSUPERSTAR
Damn I’m almost in the exact boat as you. Bonus was sweet with a 1.6 bonus multiplier, but the 3.5% raise was a little bit of a let down.
Posted on 3/8/24 at 1:33 pm to notiger1997
I can only imagine what a 1.6 multiplier would be like. I’m grateful if we get 1x payout. Our metrics to achieve bonus are quite challenging.
Posted on 3/8/24 at 4:49 pm to LSUSUPERSTAR
No raise. $155k bonus. I’m fine with a flat salary
Posted on 3/8/24 at 6:30 pm to LSUSUPERSTAR
Ours was 4% . But that’s a pool. Some got 3% others got 5%.
Posted on 3/8/24 at 7:44 pm to evil cockroach
Guess most of us are in the same boat. At least I'm not alone.
Posted on 3/8/24 at 7:54 pm to Rize
quote:
The best way to get a good bump in pay is to change companies. My wife has made jumps of 25% to 35% each time. Not to mention the bonus gets better or stays the same with the % of base
I think at a certain point in your career that stops being as lucrative unless you're jumping up in position, like manager to director or whatever.
I'm 25 years in at this point. I value stability over a little more money now.
This post was edited on 3/8/24 at 7:55 pm
Posted on 3/8/24 at 8:14 pm to LSUSUPERSTAR
Raise was 5.0%
My bonus percentage is 20% and since we did well, the business factor was 194% and my individual factor was 100% + stock options/RSUs
Cant complain.. we had a good year..
My bonus percentage is 20% and since we did well, the business factor was 194% and my individual factor was 100% + stock options/RSUs
Cant complain.. we had a good year..
Posted on 3/8/24 at 8:20 pm to LSUSUPERSTAR
6% raise 27% of my pay in bonus. Good year for our field.
Posted on 3/8/24 at 9:49 pm to fallguy_1978
quote:
I think at a certain point in your career that stops being as lucrative unless you're jumping up in position, like manager to director or whatever
Exactly. Early in career, chase money and position. As you climb and age, security, stress and many other factors at play. Also knowing what you are worth based on market helps.
I can't imagine the cost, stated above, of me jumping for a 25-35% jump
Posted on 3/8/24 at 10:14 pm to LSUSUPERSTAR
3.5%. 8.4% bonus. Both pro rated because I started in March.
Posted on 3/8/24 at 10:23 pm to HeadyMurphey
quote:
I can't imagine the cost, stated above, of me jumping for a 25-35% jump
Nobody outside of NYC, SF and Seattle would pay me 35% more than I make now and my housing costs would triple.
Posted on 3/11/24 at 7:58 am to LSUSUPERSTAR
quote:
I received an average rating.
quote:
my individual factor was 110%.
Posted on 3/11/24 at 10:40 am to LSUSUPERSTAR
Meh. 4% but company payout was 148% of target so that's nice. Pays out next paycheck.
Posted on 3/11/24 at 11:58 am to LSUSUPERSTAR
I got a promotion that came with a 30% increase. I was already doing the work required for the new job for the most part and someone left and there was an official position for me to apply to. I was shocked when they offered me a 25% raise and almost didn't negotiate for the other 5%. The hiring manager laughed when I asked for the other 5% and said he gets it and gave it to me. Bonus in the new position jumped from 8% to 12% also.
Merit increase for the year came in at 3% in addition to the increase I just got.
I've been with the company for 18 years in August so this was the catchup from all the prior years of mostly 3% increases.
Merit increase for the year came in at 3% in addition to the increase I just got.
I've been with the company for 18 years in August so this was the catchup from all the prior years of mostly 3% increases.
Posted on 3/11/24 at 1:13 pm to LSUSUPERSTAR
My company doesn't do our reviews until August. Got a 6.1% raise with 3.1% bonus. Would love to get a bigger bonus but don't think that's really an option with current role.
I expect another 5-8% raise this August as that has been the case the last 3 years.
I expect another 5-8% raise this August as that has been the case the last 3 years.
Posted on 3/11/24 at 1:21 pm to LSUSUPERSTAR
I’ll likely get around another 3.5% raise and an atta boy
Posted on 3/11/24 at 2:10 pm to LSUSUPERSTAR
7% raise and 55% bonus.
Very happy and thankful for both.
Very happy and thankful for both.
Posted on 3/11/24 at 2:45 pm to LSUSUPERSTAR
quote:
3.8% crappy? Interesting.
Imo, yes that is crappy for a hard worker
You are WAY out of touch with reality if you think 3.8% is "Crappy"
Thats definitely well above average. There are so many companies that almost never give anything and bog standard is going to be more in the 2-3% range.
If you got a 3.8% raise every year from job start date, lets say you started making $50k 20 years ago, you'd be just over $100k today. Thats a pretty healthy increase (for doing same job). More than doubling your pay over 20 years for same job would be considered quite good.
This post was edited on 3/11/24 at 2:47 pm
Posted on 3/12/24 at 3:43 am to LSUSUPERSTAR
I’m 100% commission. I’ve been getting a raise every year due to inflation.
At least I get to keep up with it a tad bit.
At least I get to keep up with it a tad bit.
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